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Bitcoin falls to $76K amid Middle East war fears, triggering $722M in liquidations

Market News
18 May 2026
Bitcoin
View Source
Bearish
pluang ai news

Bitcoin dropped to $76,000 on May 18 due to rising geopolitical tensions between the U.S. and Iran, reversing a brief rally and causing $722 million in long position liquidations across the crypto market. The decline reflects broader market reactions to potential military conflict and Iran's launch of a bitcoin-powered maritime insurance platform, Hormuz Safe, which may escalate tensions. Experts say bitcoin's price movement is driven more by global liquidity conditions than crypto-specific news, suggesting recovery depends on easing macroeconomic pressures rather than positive crypto headlines alone.

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